overproduction here and there
dmschanoes at earthlink.net
Thu Sep 11 14:17:43 MDT 2003
WSJ 9/8: US manufacturing capacity mid1995-2000 grew by one third, largest
increase in 50 years.
However, since 2001, paper, textile, metals industries have closed so many
plants, capacity is back to 1995 levels.
1999-2003, Transatlantic fiber capacity increased by a factor 14. No new
cables are planned for the forseeable future.
Airlines have ground 2000 aircraft.
US office vacancy rates for 2Q 2003 at 17.6% (record is 18% in 1991
Ford will reduce North American production capacity by 15%.
Financial Times 9/10. After worst downturn in 20 years, chemical industry
has reduced capacity to the 1993 level.
China's petrochemical consumption between 1998-2003 increased 40%.
Petrochemical estimating [hoping] for a further 60% growth by 2006.
WSJ 9/10-- In first half 2003, global offic vacancy rates increase worldwide
and rents fall. In Africa, Europe and Middle East vacancy rate up 1.1%,
rents down 4%.
Asia Pacific, slight decline to 15.4%. but rents down 5.4%.
HongKong rate at 16.1%, rents down 12.4%
Latin America at 17% vacancy, rents down 5.4%
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